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Bookkeeping Australia

Bookkeeping Template (Australia)

Bookkeeping checklist for Australian firms covering reconciliations, BAS preparation, and period finalization with related client requests.

Australian bookkeeping is less about data entry and more about keeping a clean, defensible ledger that holds up at BAS time. Across a period you are importing bank and card feeds, coding transactions with the right GST treatment, reconciling accounts, checking payroll, PAYG withholding and superannuation, then preparing financials and the BAS itself. The work is detailed, the deadlines are fixed, and most of it repeats every month or quarter for every client you look after.

Without a repeatable process, that consistency lives in one person’s head. A bookkeeper goes on leave and a job stalls. GST codes get applied differently across clients. Receipts arrive late and reconciliations drag past lodgement dates. A documented bank reconciliation and coding routine turns bookkeeping from firefighting into something predictable that any team member can pick up and finish to the same standard.

When to run it

Run this in line with each client’s BAS cycle. Most small businesses report quarterly, while larger or higher-turnover clients report monthly, so set the cadence per client rather than one rule for the whole book. Give each job a single owner who is responsible for finishing it before the lodgement window, and start early enough that client follow-ups and reconciliation queries have time to resolve. Many firms run a light monthly reconciliation even on quarterly BAS clients so the quarter-end is a review rather than a scramble.

How to run it in Tidyflow

Save this as a reusable job template so every bookkeeping job opens with the same steps already in place. Each checklist item becomes a subtask your team ticks off, giving you a clear view of where every client sits in the cycle. Schedule the job to recur monthly or quarterly per client so it appears automatically when the period opens, with no one having to remember to create it. See workflow management for how recurring jobs and subtasks fit together.

For the document gaps, send the client requests through the client portal. Clients upload missing receipts, explain unclear transactions and approve BAS totals in one place, and everything they send is captured against the job instead of scattered across email threads.

Common pitfalls

  • Coding GST incorrectly on items like bank fees, government charges or insurance, where the treatment is not always what it looks like.
  • Lodging BAS before payroll, PAYG withholding and super liabilities have been reconciled, so the totals do not match the ledger.
  • Chasing missing receipts late in the cycle instead of requesting them as soon as a gap is spotted.
  • Leaving prior-period transactions in a clearing or suspense account and carrying the error forward month after month.
  • Treating private-use or drawings transactions as deductible expenses without confirming with the client first.

What's included in this checklist

14 steps and 4 client requests.

  1. 1

    Import latest bank and credit card transactions

    Pull recent transactions from connected feeds or upload statements to ensure all data is current.

  2. 2

    Process and review uploaded receipts and bills

    Match uploaded source documents to transactions or record new bills as needed.

  3. 3

    Request missing documents or information (if any)

    Identify gaps (e.g., missing invoices, unclear expenses) and flag for client follow-up.

  4. 4

    Match transactions with receipts, bills, and invoices

    Link transactions to supporting documents for accurate audit trails.

  5. 5

    Categorize remaining uncoded transactions

    Assign correct accounts, GST codes, and tracking categories to all remaining items.

  6. 6

    Reconcile all bank and credit card accounts

    Confirm account balances match statements; investigate and resolve any discrepancies.

  7. 7

    Review payables and receivables

    Check that open bills and invoices are current, properly dated, and not duplicated.

  8. 8

    Record recurring journals (payroll, loans, depreciation)

    Post standard monthly entries such as payroll accruals, loan interest, and depreciation.

  9. 9

    Verify payroll entries, PAYG, and superannuation liabilities

    Confirm payroll data has been correctly recorded and that PAYG withholding and super obligations reconcile.

  10. 10

    Review of P&L and Balance Sheet, or Trial Balance for anomalies or trends

    Scan for unusual balances, miscodings, or large variances compared to prior months.

  11. 11

    Review and finalize BAS (GST, PAYG, WET, or FBT as applicable)

    Confirm tax coding accuracy and ensure totals reconcile with the ledger before submission.

  12. 12

    File or mark BAS as ready for submission

    Lodge through the ATO portal or accounting software, or flag as complete for accountant review.

  13. 13

    Prepare or publish reports

    Generate financial reports (P&L, Balance Sheet, Trial Balance) for review or sharing.

  14. 14

    Finalize period, record notes, and lock books (if applicable)

    Record any issues or follow-ups, lock the period, and mark the job as complete.

What to request from the client

Built-in client requests so you collect everything in one go.

  • Upload missing receipts or bills

    Provide copies of any outstanding receipts, invoices, or bills needed for the period.

  • Provide details for unknown or unclear transactions

    Explain transactions where the purpose, vendor, or account category is unclear.

  • Confirm new loans, assets, or major purchases

    Notify of any new financing arrangements or capital additions to record properly.

  • Approve BAS submission

    Review and confirm GST and PAYG totals before BAS lodgement.

Frequently asked questions

Align it with each client's BAS cycle. Most small businesses report quarterly while higher-turnover clients report monthly, so set the recurrence per client rather than applying one schedule to your whole book.

Yes. The template covers the bookkeeping process itself, so it works alongside whichever ledger your client uses. Tidyflow integrates with Xero and QuickBooks Online so the job sits next to the books rather than duplicating them.

Send the built-in client requests through the client portal. Clients upload outstanding receipts, explain unclear transactions and approve BAS totals in one place, and their responses are saved against the job automatically.

Yes. The template is a starting point you can edit per job, so you can add, remove or reword subtasks to match a client's setup, such as extra steps for WET or FBT where they apply.

No. The template helps you prepare and review the BAS and track the work to completion, but lodgement still happens through the ATO portal or your accounting software. This is general guidance, not tax advice.

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